FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.

San Francisco, Panama

Get Your Free Panama Report Today!


Learn more about PANAMA and other countries in our free, daily Overseas Opportunity Letter. Simply enter your email address below and we’ll send you our FREE REPORT - Panama 101: 101 Things You'll Wish Someone Had Told You About Panama

San Francisco

The Cost Of Living In San Francisco, Panama City, Panama

Panama uses the U.S. dollar.

Apartment Or House Ownership Budget (For A Couple)

ExpenseMonthly CostsNotes
MortgageNot included here as too variable.
HOA FeesVariable and paid on a per-square-meter basis. Budget US$1.50 per square meter for a mid-range property and US$3 per square meter for a luxury property. Amount depends on amenities, number of people living in the building, and the level of quality of the unit.
Property TaxesNot included here as too variable.
TransportationUS$175Fuel and maintenance for a private vehicle plus the occasional cab or public transportation.
GasUS$5A tank of cooking gas generally lasts longer than one month.
ElectricityUS$200Using air conditioning. This will vary greatly depending on use.
WaterUS$10Most new condos include the water bill in the maintenance fee.
Cell PhoneUS$40Basic Tigo plans for two people.
InternetUS$65For a Tigo plan with high-speed internet (750 Mbps) and 220 TV channels.
Cable TVBundled with internet.
Household HelpUS$280For a five-hour day twice a week. Comes out to US$35 per day.
EntertainmentUS$653Eating out twice a week at a mid-range, local restaurant: US$100.
Local drinks twice a week at a nearby watering hole: US$60.
Movie theatre trip twice a month: US$13 (US$3.25 per ticket for seniors).
GroceriesUS$500Shopping at local supermarkets and PriceSmart.
Gym MembershipUS$62Two all-inclusive plans at Smart Fit gym per month.
Medical AppointmentUS$25A general consult at a private clinic.
TOTALUS$2,015Doesn’t include property taxes, mortgage, or HOA fees.

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
RentUS$1,500Cost of a two-bedroom furnished apartment in a central location.
TransportationUS$175Fuel and maintenance for a private vehicle plus the occasional cab or public transportation.
GasUS$5A tank of cooking gas generally lasts longer than one month.
ElectricityUS$200Using air conditioning. This will vary greatly depending on use.
WaterUS$10Most new condos include the water bill in the maintenance fee.
Cell PhoneUS$40Basic Tigo plans for two people.
InternetUS$65For a Tigo plan with high-speed internet (750 Mbps) and 220 TV channels.
Cable TVBundled with internet.
Household HelpUS$280For a five-hour day twice a week. Comes out to US$35 per day.
EntertainmentUS$653Eating out twice a week at a mid-range, local restaurant: US$100.
Local drinks twice a week at a nearby watering hole: US$60.
Movie theatre trip twice a month: US$13 (US$3.25 per ticket for seniors).
GroceriesUS$500Shopping at local supermarkets and PriceSmart.
Gym MembershipUS$62Two all-inclusive plans at Smart Fit gym per month.
Medical AppointmentUS$25A general consult at a private clinic.
TOTALUS$3,515

Penny-Pincher’s Budget (Bare Minimum Costs, For A Couple)

ExpenseMonthly CostsNotes
RentUS$900Basic two-bedroom unfurnished apartment.
TransportationUS$100Walking/cycling wherever possible and using public transportation and cabs.
GasUS$5A tank of cooking gas generally lasts longer than one month.
ElectricityUS$120Using air conditioning at night and fans during the day.
WaterUS$10Most new condos include the water bill in the maintenance fee.
Cell PhoneUS$40Basic Tigo plans for two people.
InternetUS$53For a Tigo plan with high-speed internet (300 Mbps) and 220 TV channels.
Cable TVBundled with internet.
EntertainmentUS$327Eating out once a week at a mid-range, local restaurant: US$50.
Local drinks once a week at a nearby watering hole: US$30.
Movie theatre trip once a month: US$6.50 (US$3.25 per ticket for seniors).
GroceriesUS$350Shopping at local supermarkets, farmer’s markets, and buying all local-brand products.
TOTALUS$1,905

Get Your Free Panama Report Today!


Learn more about PANAMA and other countries in our free, daily Overseas Opportunity Letter. Simply enter your email address below and we’ll send you our FREE REPORT - Panama 101: 101 Things You'll Wish Someone Had Told You About Panama

 

Download your FREE report on

The Best Places To Retire In 2023

New Year, New You, New Life Overseas